Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer each of the questions separately based on the information provided below. 1. As a manufacturer in the first period what will be your
Please answer each of the questions separately based on the information provided below.
1. As a manufacturer in the first period what will be your initial price?
2. As a retailer what market price will you set and how many units will you buy Assuming the manufacturer decided to charge $6 per unit.
3. Any thoughts about your long term strategy as a manufacturer ?